ETH: DEX Users

Ethereum DEX Users was 34,778 addresses on 8 Nov 2026 (latest daily value).

The number of Ethereum addresses that sent a transaction containing a DEX trade each day, across every covered venue.

Why use it. Unique senders show how many participants trade on-chain, beside the dollar totals that a few large traders and bots can dominate. How to read it. A higher line means more addresses sent DEX trades that day. It counts addresses, not people, and bots count too; compare with volume to see whether activity is broad or concentrated.

Calculation. A DEX user is an address that sent, as a transaction's sender, at least one transaction containing a counted DEX trade that day. Counted once a day however many trades it made; one person with many wallets counts as many users, and one contract wallet relayed by many senders counts per sender. Aggregators, routers and MEV bots that send transactions themselves count too, so the figure is an upper bound on people. Venues on Ethereum mainnet: Uniswap v2, v3 and v4, SushiSwap v2, Curve (every pool in Curve's on-chain MetaRegistry), Balancer v1, v2 and v3, PancakeSwap v2 and v3, Fluid's DEX pools, Ekubo's Core contracts and Maverick v1 and v2. Pools are taken only from each protocol's own registries or creation events. On Balancer a swap against a pool's own LP token (a composable or boosted pool's deposit or withdrawal in disguise) is not counted. Not covered: orders filled outside these pools, such as off-chain market-maker quotes settled through 1inch, 0x and UniswapX fillers, and every other DEX and network. A trade is one transaction's swaps through one pool, netted, for every venue alike: two swaps through the same pool in one transaction count once, arbitrage and other automated trades count like any other. A swap's amounts come from the venue's own swap event, except Uniswap v2, Uniswap v3 and SushiSwap before 15 October 2026, which are read from the pools' own state as our node recorded it before and after every transaction (the same trades on the days checked). Available from the producer's forward start, daily. Only finalized blocks are counted; the open day is a labelled partial.